In a recent interview, market expert Jim Rogers says the gold correction is much overdue after the "abnormal" 12-year bull run. He also shared his views on Ben Bernanke and believes his exit plan is to leave his job and not stick around for the consequences of his actions.

Brace yourself: maverick investor Jim Rogers is taking the Fed, QE and gold by the horns.

In an interview with GoldMoney, Rogers says he is now vindicated on his months-long call that gold GCQ3 -1.13% was going to reverse that 12-year bull run. Unfortunately, he owns gold and hasn’t sold any, but the shiny stuff is definitely in the throes of that, which he says is “much overdue,” after the “abnormal” run, he says. (Gold is down about 4% for the month of May, and 16% year-to-date, on the August contract.)

“It has now corrected for some 18-to-20 months now. I find that encouraging … Until it scares a lot of people, the correction is not over. I would certainly like the correction to be over this afternoon and see gold go to $2,000 or to $3,000, but that’s not reality.”

He also has plenty to say about Fed Chairman Ben Bernanke and that much-discussed exit plan from QE.

“Mr. Bernanke’s exit plan apparently is that he is going to leave his job. He doesn’t want to stick around for the hangover. He doesn’t want to be around for the consequences of what he’s doing,” Rogers says.

“I don’t know if there’s an exit plan. If and when they stop, it’s going to cause lots of ramifications in the market and lots of — perhaps even chaos, but certainly turmoil and upset. The only exit plan that he’s talked about is to let it all mature. That sounds wonderful, but it’s not very practical.”

Rogers says the money-printing by the Fed, Bernanke, the Bank of Japan and the Bank of England will keep going until the bubble pops and deflation lands, though the space between here and then is still pretty wide. He also goes on a tear about the U.S. government, arguing it’ll take something major to solve the U.S. debt issue: “Nobody gets out of this situation until there’s a crisis.”

So what to do? Simple, American leaders and politicians need to just resign. As for Bernanke, should he quit too?

“No, Bernanke I would tell him to close the Federal Reserve, and then resign.”